ASX Code: RED 4-5 June 2019 Mike Harrowell, Corporate Development - PowerPoint PPT Presentation

ASX Code: RED 4-5 June 2019 Mike Harrowell, Corporate Development

Competent Person’s Statement and Disclaimer Competent Person Statement for Exploration Results The information in this presentation which relates to Exploration Results is extracted from ASX announcements titled “High -Grade Drilling Results Confirm Potential for Resource Extensions within Key Mining Area at Darlot” released by the Company on 22 February 2018; “Further strong results from Eastern Goldfields exploration program” released by the Company on 28 May 2018; “Near mine exploration drilling delivers key breakthrough at King of the Hills” released by the Company on 21 September 2018; “Red 5 commences significant drilling program to unlock large-scale bulk mining opportunity at King of the Hills” released by the Company on 8 November 2018; “Early results from 30,000m drill program strengthen bulk mining potential at King of the Hill” released by the Company on 30 January 2019; “Increased production at lower unit costs resulting from underground bulk mining at King of the Hills” released by the company on 29 March 2019 , which are all available to review on the ASX web-site at www.asx.com.au. Red 5 confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from those ASX announcements. Competent Person Statements for JORC 2012 Mineral Resource and Ore Reserves The information in this presentation that relates to the Mineral Resources at the Siana open pit is extracted from the report titled Siana Gold Project – Open Pit Mining Review and Reserve Update, released on 24 September 2015 and is available on the ASX web-site, figures quoted are reported as at 30 June 2018. The information in this presentation that relates to the Mineral Resources at the Mapawa Project is extracted from the report titled Maiden 289,000oz Gold Resource for Mapawa LSY Deposit, dated 21 October 2015 and is available on the ASX web-site. The information in this presentation that relates to Mineral Resources for the Siana Underground is extracted from the report titled Siana Underground Mineral Resource dated 23 February 2016 and is available on the ASX web-site. The information in this presentation that relates to Ore Reserves at the Siana Underground is extracted from the report titled Siana Gold Project: Underground Mine Approved for Development Following Completion of Positive Updated Feasibility Study dated 14 June 2016 and is available on the ASX web-site. The information in this presentation that relates to the Mineral Resources and Ore Reserves for the Darlot Underground deposit and information that relates to Mineral Resources and Ore Reserves for the King of the Hills underground deposit is extracted from the report titled Maiden 895koz Resource and 131koz Ore Reserve for Darlot Gold Mine Sets Foundation for Gold Production Outlook for 2018, dated 21 December 2017 and the ASX announcement titled, “Near -mine exploration success at Darlot lifts Oval deposit to 117,200oz Resource and 72,102oz Ore Reserve”, dated 19 June 2018 and the ASX announcement titled “Red 5 Set to Become +100,000ozpa Australian Gold Producer”, dated 2 August 2018, which are available on the ASX web-site. The information in this presentation that relates to the Mineral Resources for the King of the Hills deposit is extracted from the ASX announcement titled “ King of the Hills Resource Increases by 65% to 3.1Moz, Confirming Exceptional Bulk Mining Opportunity” released on 20 May 2019, and “Initial 1.9Moz Resource for Eastern Margin Contact at King of the Hills Triggers Strategic Review of Bulk Mining Options”, dated 4 December 2018. The information in this presentation relating to the King of the Hills regional deposits is extracted from the ASX announcement titled “Maiden JORC open pit Resources defined for near mine regional deposits at King of the Hills” dated 1 May 2019. Red 5 confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not been materially modified from the original market announcements. Forward-Looking Statements Certain statements made during or in connection with this presentation contain or comprise certain forward-looking statements regarding Red 5 ’s Mineral Resources and Reserves, exploration activities, project development operations, production rates, life of mine, projected cash flow, capital expenditure, operating costs and other economic performance and financial condition as well as general market outlook. Although Red 5 believes that the expectations reflected in such forward-looking statements are reasonable, such expectations are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward looking statements and no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, delays or changes in project development, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in metals prices and exchange rates and business and operational risk management. Except for statutory liability which cannot be excluded, each of Red 5, its officers, employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the material contained in this presentation and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission. Red 5 undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events other than required by the Corporations Act and ASX Listing Rules. Accordingly you should not place undue reliance on any forward looking statement. 2

Red 5 – Corporate summary Kevin Dundo Chairman ▪ Share Price Issued Shares Market Cap Mark Williams Managing Director ▪ (at 3/6/19) (undiluted) (at 3/6/19) Ian Macpherson Non-executive Director ▪ A$0.15 1,243.2M A$186.5M Colin Loosemore Non-executive Director ▪ Enterprise Value Debt Cash/Bullion Steven Tombs Non-executive Director ▪ (at 3/6/19) (at 31/3/19) (at 31/3/19) John Tasovac Chief Financial Officer ▪ A$182.3M A$9.3M Brendon Shadlow General Manager A$13.5M ▪ Frank Campagna Company Secretary ▪ Shareholders 14.6 Franklin Resources Inc. 10.5 Saracen Minerals Our Company Vision 8.3 Regal Funds Management 54.5 “To be a successful multi -operational exploration and mining 6.9 Ruffer LLP 5.2 company, providing benefits to all stakeholders, through the AIMS Asset Management consistent application of technical excellence, and responsible Other and sustainable industry practices.” 3

Eastern Goldfields Operations June 2019 Quarter guidance of 27-31Koz at AISC of A$1,300-$1,450/oz 1 ▪ Flexible mining strategy to accommodate multiple underground ore bodies, ▪ including “right - sizing” mining equipment KOTH ramp-up completed to original 400Ktpa target in December 2018 ▪ Quarter – now targeting up to 600Ktpa, with greater mine efficiencies Successful de-bottlenecking of Process Plant, record monthly milling rate ▪ achieved in July 2018, operating at 1Mtpa vs nameplate capacity of 830Ktpa Evaluating potential opportunities to expand Process Plant beyond 1Mtpa, to ▪ accommodate ongoing ore feed of 600Ktpa from Darlot and up to 600Ktpa from KOTH 35,000 30,000 Ounces Produced 25,000 20,000 15,000 10,000 5,000 0 Mar 2018 Quarter Jun 2018 Quarter Sep2018 Quarter Dec 2018 Quarter Mar 2019 Quarter Jun 2019 Quarter Actual Actual Actual Actual Actual Guide 1. Red 5 ASX release, “March Quarterly Activities Report”, 23 April 2019 4

Darlot Oval – Exploration success in H1 2018 Oval Probable Ore Reserve by Level as at June 2018 Level Tonnes Grade g/t Au Contained Gold oz OV738 58,604 7.08 13,347 OV723 72,276 8.22 19,210 OV707 35,878 8.25 9,518 Upper Oval West 167,208 7.83 42,075 OV690 31,607 5.00 5,084 OV673 49,947 3.72 5,615 OV655 79,575 3.68 8,797 Total Oval West 325,337 5.89 61,571 OV673 28,211 3.78 3,427 OV655 68,105 3.24 7,104 Total CDA Oval 96,316 3.40 10,531 Total Oval (All Stopes) 421,653 5.32 72,102 Mineral Resource - Darlot as at June 2018 JORC 2012 Area Au cut-off g/t 000 Tonnes Au g/t Au koz Classification Measured 7 10.1 2 Indicated 4,122 5.1 677 Darlot 2 to 2.3 Inferred 2,080 4.0 269 Total All 6,209 4.8 949 Reserve - Darlot as at June 2018 JORC 2012 Area Au cut-off g/t Tonnes Au g/t Au koz Classification Measured 10 3.9 0.8 Darlot 2.3 Inferred 1,870 3.6 215 Total All 1,920 3.5 219 1. “Red 5 Set to Becomes +100,0000zpa Australian Gold Producer” – 2 August 2018 2. “Near Mine Exploration Success at Darlot” – 19 June 2018 5